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JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. all said Friday they had socked away hundreds of millions of dollars apiece to cover potential loan defaults, dragging down their profits. Still, revenue rose at all three banks and beat analyst forecasts.
Nervousness is of the mind. Are these Banks calling recession to come into reality through their fears of Russia/Ukraine War which has no end yet in site because of Pride and Intransigence of all parties involved?
It's okay, the government will just send us more stimulus money
Fortress balance sheet